Multistory Office
54 N Broadway Tarrytown, NY 10591
For Sale
Contact for pricing
Multistory office building with updated half baths and renovated kitchen finishes across the upper floors.
Property Size3,745 SF
Price / SF$420.56
Days on Market422
Property Features for 54 N Broadway
General Information
Standard status
Active
Size
3,745 SF
Property subtype
OFFICE
Listing Agency:
Colliers - Stamford
(203) 961-6560
Listed By:
Craig Ruoff
(914) 441-7688
Source:
Moodyscre
Added: Jun 3, 2025
Changed: Jul 28
Last Checked: Jul 28 at 2:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Stamford
Investment Insights
Based on property information with market context.
Multistory office building with capital improvements that include renovated or updated half baths on the first and second floors and updated apartment baths. The third-floor kitchen features wood cabinetry, stainless steel appliances, a glass-tile backsplash, and hardwood flooring.
Additional updates include refinished porches within the past five years and a heating system conversion to gas.
The property is offered for sale with a total size of 3,745 square feet.
Additional updates include refinished porches within the past five years and a heating system conversion to gas.
The property is offered for sale with a total size of 3,745 square feet.
Key Highlights
- Heating system converted to gas
- First‑floor half bath, second‑floor half bath, and apartment baths renovated or updated
- Third‑floor kitchen with wood cabinetry, stainless steel appliances, glass‑tile backsplash, and hardwood flooring
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.9k | $27.48 |
| − Vacancy | −$26.4k | −$7.06 |
| EGI | $76.5k | $20.42 |
| − OpEx | −$19.1k | −$5.10 |
| NOI | $57.3k | $15.31 |
3,745 SF · lease $27.48/SF/yr · vacancy 25.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$819.3K
$716.9K – $955.8K
NOI $57,348 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.13M
$989.8K – $1.32M
NOI $79,186 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Multistory office building with updated half baths and renovated kitchen finishes across the upper floors.
Where is this office building located?
The property is located at 54 N Broadway Tarrytown, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Heating system converted to gas; First‑floor half bath, second‑floor half bath, and apartment baths renovated or updated; Third‑floor kitchen with wood cabinetry, stainless steel appliances, glass‑tile backsplash, and hardwood flooring
